Barrick Gold suspends operations in Mali after $245m gold seizure
"Barrick Gold suspends operations in Mali after $245m gold seizure" was originally created and published by Mining Technology, a GlobalData owned brand.
Mali Authorities Seize Gold in Dispute with Barrick Gold
Malian authorities have confiscated about 3 metric tons of gold from Barrick Gold's Loulo-Gounkoto mining site due to an ongoing dispute. The gold, valued at $245 million, is now held at Banque Malienne de Solidarite.
Seized Barrick gold now held at state-owned Malian bank BMS, sources say
About 3 metric tons of gold seized from Canadian miner Barrick Gold's Loulo-Gounkoto mining complex in Mali is now being held at state-owned Banque Malienne de Solidarite (BMS), two sources told Reuters.
Barrick temporarily suspends Loulo-Gounkoto operations
Barrick has initiated a temporary suspension of operations at the complex while it continues efforts to resolve the situation.
Mali starts seizing gold stockpiled at Barrick's Loulo-Gounkoto mine
Barrick Gold faces turmoil in Mali as government reportedly executes a provisional order to seize gold stockpiles, threatening operations at Loulo-Gounkoto mine.
Mali Enforces Gold Seizure at Barrick's Loulo-Gounkoto Mine
Mali's government has begun seizing gold stockpiled at Barrick Gold’s (TSX:ABX,NYSE:GOLD) Loulo-Gounkoto mine, enforcing a provisional order issued last week amid a dispute over changes to the nation’s mining rules.
Barrick Provides Further Update on Loulo-Gounkoto Operations in Mali
Barrick remains committed to constructive engagement with the Malian government and all stakeholders to find an amicable solution that ensures the long-term sustainability of the Loulo-Gounkoto mining complex and its vital contribution to Mali’s economy and communities.
Exclusive: Barrick to suspend operations in Mali after gold seized
Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company's Loulo-Gounkoto complex and flew them out by helicopter over the weekend.
Mali Junta Begins Seizing Gold Mined By Canadian Firm
Mali's junta has begun seizing gold stocks from the Loulo-Gounkoto mine operated by Canadian firm Barrick Gold, according to a security source and an internal company memo seen by AFP Monday.
Barrick Gold provides update on Loulo-Gounkoto operations in Mali
Barrick Gold (GOLD) confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali.
Barrick confirms suspension of Mali operations, seizure of gold
Canada's Barrick Gold on Tuesday confirmed it had suspended operations in Mali and that the government had moved gold stock from the miner's Loulo-Gounkoto site to a bank. Reuters reported on Monday that the authorities had seized gold worth $245 million in an escalation of their long-running dispute with the company.
StockTalk | Gold Report: Government risk, green flags and a tax benefit
Barrick Gold (TSX:ABX) suspended operations at its Loulo-Gounkoto mining complex in Mali after the Malian government seized ...
Barrick Update on Loulo-Gounkoto Operations in Mali
TORONTO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- (NYSE:GOLD)(TSX:ABX) remains restricted from shipping gold from its ...